9. Molefe Traders purchased inventory worth R23 000 on credit from Seaside Wholesalers on 28 December 2016. Molefe Traders are not registered as a VAT vendor and makes use of the perpetual inventory system.

Which option represents the effect of the above transaction on the accounting equation of Molefe Traders at 28 December 2016?

Assets = Equity + Liabilities

R R R

1. 23 000 + 23 000 0 0

2. + 23 000 23 000 0

3. 0 23 000 + 23 000

4. + 23 000 0 + 23 000

5. 23 000 0 23 000